Segment Information (Tables)

12 Months Ended

Mar. 31, 2021

The tables below present information about reportable segments for the years ended March 31:

							Corporate/
	Avionics		Avionics		Avionics		Reconciling
2021	Government		Commercial		Total		Items			Total
Net sales	$	9,858,537	$	1,723,983	$	11,582,520	$	-		$	11,582,520
Cost of Sales		5,474,587		1,325,434		6,800,021		-			6,800,021

Gross Margin		4,383,950		398,549		4,782,499		-			4,782,499

Engineering, research, and development						2,295,901		-			2,295,901
Selling, general, and administrative						767,579		1, 397,611			2,165,190
Litigation expenses						-		248,004			248,004
Forgiveness of PPP Loan								(722,577	)		(722,577	)
Other income								(30,819	)		(30,819	)
Interest income						-		(7,483	)		(7,483	)
Interest expense - judgment								231,474			231,474
Interest expense - other						-		29,779			29,779
						3,063,480		1,145,989			4,209,469
Income (loss) before income taxes					$	1,719,019	$	(1,145,989	)	$	573,030

Segment Assets	$	4,920,076	$	451,234	$	5,371,310	$	10,593,116		$	15,964,426

							Corporate/
	Avionics		Avionics		Avionics		Reconciling
2020	Government		Commercial		Total		Items			Total
Net sales	$	12,770,363	$	3,004,580	$	15,774,943	$	-		$	15,774,943
Cost of Sales		6,606,622		1,758,420		8,365,042		-			8,365,042

Gross Margin		6,163,741		1,246,420		7,409,901		-			7,409,901

Engineering, research, and development						2,239,811		-			2,239,811
Selling, general, and administrative						941,514		1,536,034			2,477,548
Litigation expenses						-		140,050			140,050
Change in fair value of common stock warrant						-		73,000			73,000
Interest income						-		(5,819	)		(5,819	)
Interest expense - judgment								342,544			342,544
Interest expense - other						-		55,557			55,557
						3,181,325		2,141,366			5,322,691
Income (loss) before income taxes					$	4,228,576	$	(2,141,366	)	$	2,087,210

Segment Assets	$	3,301,607	$	1,202,716	$	4,504,323	$	8,835,546		$	13,339,869